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MLMIC Declares 7.5% Special Dividend

Dec 16, 2014

MLMIC is pleased to announce a 7.5% Special Dividend for all of our policyholders!

MLMIC’s president, Dr. Robert Menotti, said that dividends “provide meaningful financial relief to our policyholders,” and that “they are an integral part of our mission to provide high-quality insurance at low long-term cost.” Since inception, MLMIC has returned over $300 million in dividends to our policyholder owners.

To qualify for this 7.5% Special Dividend, policyholders must be insured by MLMIC on February 1, 2015. The dividend will be applied to policyholder accounts on March 1.

The MLMIC DifferenceAt MLMIC, we put your needs first, giving you the service and protection you deserve. Our at-cost, long-term focus ensures that you won’t overpay for quality protection, nor worry about the Company being there when you need us. And, our unparalleled claims and risk management expertise provides superior protection, with high success rates, and very satisfied policyholders.

The dividend will be applied as a credit (reduction) to your unpaid premium balance if you are paying in quarterly installments. If your premium has been paid in full, you will receive a check in March.

The dividend can be thought of as a return of premium that lowers your insurance costs in the period you receive it. It will lower your insurance costs and deduction in that year, which may raise your practice income and hence your tax liability in that year.